They have no right to do that; they can just accelerate and charge default interest for last payment. That's it. So don't worry about that. AND, if things are bad, they would not convert in any event, as they'd be hard pressed to unload a few million shares at $8 given the trading volume at this juncture. More likely, they'd need to sell via a secondary, to someone with confidence that it's going higher. In any event, they can't convert because of a default.
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